Pursuant to Regulation 30 read with Schedule III of the SEBI (LODR) 2015, as amended , this is to inform that Nomination and Remuneration Committee of the Board of Directors of the company ....
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Insolation Energy Ltd has announced the grant of 10,000 stock options to eligible employees under ESOP 2024 at an exercise price of Rs. 3.80 per option. This is tranche 7 of the total approved grant of 20,00,000 options. The filing also discloses the cancellation of 46,250 previously granted options. Additionally, the company references a stock split that took effect from 24th January 2025, where equity shares were split from Rs. 10/- each to Rs. 1/- each, due to which the number of options was adjusted from 1,000 to 10,000 shares. The options vest over 4 years at 25% each at 12, 18, 24, and 30 months, with an exercise window of 18 months from vesting.
This is a routine ESOP disclosure with no immediate direct impact on shareholders. The mention of a prior stock split indicates increased liquidity through higher share count. The cancellation of 46,250 options slightly reduces potential dilution.